Asarian Energy says Namibia renews Namibplaas uranium prospecting licence to September 2028

Asarian Energy secured a two-year renewal of Namibia prospecting licence EPL 3638 for the Namibplaas uranium deposit through September 2028. Extension keeps exploration and resource work active at Namibplaas, part of the Norasa Project alongside the adjacent Valencia uranium deposit. Additional drilling planned ahead of a data review of the May 2024 mineral resource estimate, targeted for completion by end-December 2026. Program aims to upgrade parts of Namibplaas from Inferred to Indicated, supporting a potential update of the project’s 2015 feasibility study. May 2024 estimate shows Namibplaas Inferred resources of 218.7 million tonnes at 85 ppm eU3O8 for 41.1 million lb U3O8. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Asarian Energy Ltd. published the original content used to generate this news brief via (Ref. ID: 202609240700NEWSFILECNPR____20260924_315829_1) on September 24, 2026, and is solely responsible for the i